Oil Prices: Challenges for the Producers | Speach by: Dr. Herman T. Franssen, President International Energy Associates, Inc. USA
 

 11th Annual Energy Conference
GULF OIL & GAS
ENSURING ECONOMIC SECURITY
25-27 September 2005, Abu Dhabi, UAE
Organised by:
Emirates Centre for Strategic Studies and Research (ECSSR)

 

High energy prices have offered the oil and gas-producing states of the Gulf a unique opportunity to capitalize on substantial petroleum revenues, which have had a positive impact on their budget. However, this situation has arisen at a time of political and strategic uncertanity in the region, when the management of oil prices seems to be slipping further away from the control of the main energy producers.

The conference addressed current trends in the global energy sector and outlined their future implications for the Gulf states. The speakers examined how these countries can best capitalize on the oil price and gas supply/demand trends in order to ensure their future economy security in a rapidly changing world.


The discussed issues were

  • Oil Prices: Impact on Long-Term Economic Growth in the Gulf.
  • Geopolitical Factors in Oil Price Trends.
  • Energy Markets: New Trends and Issues.
  • Investment in the Gulf Energy Sector: Chanllenges & Potential for Cooperation.
  • The Future of Oil Production: Reserves and Capacity.
  • The Future Demand for Gulf Oil.
 

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Welcoming Remarks by ECSSR
(Emirates Centre for Strategic Studies and Research)
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Keynote Address: H.E. Shaikh Talal Khalid Al-Ahmad Al-Sabah
Managing Director for Petroleum Services,
Kuwait Petrolium Corporation
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Break Time:
(Emirates Centre for Strategic Studies and Research)
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Oil prices : Challenges for the Producers by
Dr. Herman T. Franssen
President International Energy Associates, Inc.
Director, Petroleum Economics, Ltd., USA
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